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Cheniere Energy Partners vs Venture Global: revenue, profit, margins and growth compared

Cheniere Energy Partners brought in $10.8B of revenue in fiscal 2025, Venture Global $13.8B in fiscal 2025. Revenue changed by +23.6% at Cheniere Energy Partners and +176.9% at Venture Global on the year before, so Venture Global grew faster. Cheniere Energy Partners kept 27.8% of its revenue as net profit, Venture Global 16.4%. Free cash flow was $2.6B at Cheniere Energy Partners and -$6.8B at Venture Global.

Side by side, latest fiscal year

CQPVG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$10.8B$13.8B
Revenue growth+23.6%+176.9%
Net income$3B$2.3B
Net margin27.8%16.4%
Free cash flow$2.6B-$6.8B
Free cash flow margin23.9%-49.4%
Earnings per share (diluted)n/a$0.86
Cash$182M$2.4B
Debt$14.2B$34.2B
Price to earningsn/a14.7
Market value$30.7B$31.6B
Dividend yieldn/a0.24%
Rank by revenue in sector#28 of 109 · Utilities#23 of 109 · Utilities

Over the years

Revenue
CQP FY2018: $6.4BCQP FY2019: $6.8BCQP FY2020: $6.2BCQP FY2021: $9.4BCQP FY2022: $17.2BCQP FY2023: $9.7BCQP FY2024: $8.7BCQP FY2025: $10.8BVG FY2023: $7.9BVG FY2025: $5BVG FY2025: $13.8BFY18FY19FY20FY21FY22FY23FY24FY25
CQP $10.8BVG $13.8B
Net income
CQP FY2018: $1.3BCQP FY2019: $1.2BCQP FY2020: $1.2BCQP FY2021: $1.6BCQP FY2022: $2.5BCQP FY2023: $4.3BCQP FY2024: $2.5BCQP FY2025: $3BVG FY2023: $2.7BVG FY2025: $1.5BVG FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
CQP $3BVG $2.3B
Net margin
CQP FY2018: 19.8%CQP FY2019: 17.2%CQP FY2020: 19.2%CQP FY2021: 17.3%CQP FY2022: 14.5%CQP FY2023: 44.0%CQP FY2024: 28.8%CQP FY2025: 27.8%VG FY2023: 33.9%VG FY2025: 29.7%VG FY2025: 16.4%FY18FY19FY20FY21FY22FY23FY24FY25
CQP 27.8%VG 16.4%
Revenue growth
CQP FY2019: +6.4%CQP FY2020: -9.8%CQP FY2021: +53.0%CQP FY2022: +82.4%CQP FY2023: -43.8%CQP FY2024: -9.9%CQP FY2025: +23.6%VG FY2025: -37.0%VG FY2025: +176.9%FY19FY20FY21FY22FY23FY24FY25
CQP +23.6%VG +176.9%
Free cash flow
CQP FY2018: $1.1BCQP FY2019: $216MCQP FY2020: $779MCQP FY2021: $1.6BCQP FY2022: $3.7BCQP FY2023: $2.9BCQP FY2024: $2.8BCQP FY2025: $2.6BVG FY2023: -$3.5BVG FY2025: -$11.6BVG FY2025: -$6.8BFY18FY19FY20FY21FY22FY23FY24FY25
CQP $2.6BVG -$6.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Cheniere Energy Partners and Venture Global

Which is bigger by revenue, Cheniere Energy Partners or Venture Global?

Venture Global is bigger by revenue: $13.8B in fiscal 2025, against $10.8B for Cheniere Energy Partners in fiscal 2025.

Which keeps more of its revenue as profit, Cheniere Energy Partners or Venture Global?

Cheniere Energy Partners had a net margin of 27.8% in fiscal 2025; Venture Global had 16.4% in fiscal 2025.

Which grew revenue faster, Cheniere Energy Partners or Venture Global?

In their latest fiscal years revenue changed by +23.6% at Cheniere Energy Partners and +176.9% at Venture Global.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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